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Mining the cryptocurrency ether (ETH) using high-powered computer systems is no longer profitable, stated a CNBC report on November 13, 2018. Individual Mining no Longer Profitable If a recent report by CNBC is to be believed, cryptocurrency’s gold mining days might be a story of the past, as the activity is no longer a profitable one. Crypto enthusiasts will remember the euphoria…

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Microsoft has announced the first iteration of the Azure Blockchain Development Kit. The set of tools is designed specifically for developers looking to use the resources developed by the technology giant to create their own business-focused blockchain systems. Azure Development Kit The announcement was made by Marc Mercuri who is the Principal Program Manager of the Blockchain Engineering team at…

Officials from the City of Valdez are in the final phases of recovering information from its servers after four months of it being held by cyber-criminals demanding a bitcoin ransom, KTUU reported on November 18, 2018. Cyberattack That Held City’s Info for Ransom in Final Recovery Phase A small Alaskan town of Valdez became the victim of a malicious cyber-attack…

Andrew Anagnost, Autodesk’s CEO is a big believer in blockchain technology as he believes it can help boost transparency and trust between all members in the construction industry. According to the Financial Review’s article published on November 19, 2018, Anagnost mentioned that increased confidence and accountability could eventually reduce the corruption present in the industry today. Bringing Blockchain Technology Into…

The price of bitcoin broke away from its “stablecoin mark” in the mid-6,000s and dropped by over twelve percent as a result of the bitcoin cash (BCH) hash war that has spooked investors and highlighted how fragile and volatile the digital currency sector still is. On Thursday, the bitcoin cash (BCH) network split into two after disagreements among critical stakeholders…

Huobi, the third largest cryptocurrency exchange platform by trading volume has set up a communist party committee; a moved dubbed as a “milestone” by the company founder, reports South China Morning Post, November 19, 2018. Political Arm Set Up by Huobi Subsidiary Beijing Lianhuo Established in April 2018 with an initial capital of $2.9 million, Beijing Lianhuo Information Service Co….

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Ever since Vitalik Buterin and other co-founders launched Ethereum in 2014, the problem of scalability has always been part of the conversation, with Ethereum developers all in agreement that a period of theoretical problem-solving leads to the challenge of developing an “Ethereum 2.0,” which solves the scaling problem and delivers on the promise of creating a vast, distributed “world computer.”…

While bitcoin serves many functions, one its most substantial uses is as a payment system. Typically the metric that has been used to compare Bitcoin to companies like VISA, Paypal, or even newer blockchains that tout higher transaction capacity, is through how many transactions the system can handle, usually seen as transaction per second (tps). An article published on November…

A fraud prosecution case in the United States (U.S.), involving initial coin offerings (ICO) recently ended in a guilty plea. According to a Bloomberg article published on November 15, 2018, the guilty man, Maksin Zaslavskiy, admitted to the U.S. judge that he had raised millions in investment and lied to approximately 1,000 investors. Guilty Man Raises ICO In Real Estate and Diamonds…

In a historic decision amidst the crypto bloodbath, Swiss cryptocurrency startup Amun AG has been given the go-ahead to list a crypto index fund on Europe’s fourth-largest stock exchange, SIX Swiss Exchange. With a market cap of $1.6 trillion, the exchange will facilitate the world’s first crypto Exchange Traded Product (ETP), reports Trustnodes, November 17, 2018. Access to Institutional and Retail…

Brave Technologies, the company behind the tokenized, privacy-focused Brave browser has announced the launch of SpeedReader, a new browser tool intended to make web pages easier to read by removing all non-essential scripts and content from pages before they load. In a post on its official website on November 15, the company revealed that SpeedReader, which is an upgrade on…

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